Osisko Mining Corporation
TSX : OSK
FRANKFURT : EWX

Osisko Mining Corporation

September 07, 2007 08:00 ET

Osisko Recruits Experienced Mine Development Team

MONTREAL, QUEBEC--(Marketwire - Sept. 7, 2007) - Osisko Exploration Ltd. (TSX VENTURE:OSK) (FRANKFURT:EWX) is pleased to announce that it has completed the recruitment and appointment of the following key individuals who will form the core of its mine development group for the Canadian Malartic gold project.

Vice President Engineering and Construction: Mr. Luc Lessard, P. Eng.

Luc Lessard, has been appointed Vice President Engineering and Construction effective October 1, 2007. Mr. Lessard is a graduate of Laval University with a Bachelor of Applied Science in Mining Engineering and is a member of L'Ordre des Ingenieurs du Quebec. He has more than 20 years of progressive experience in mining development and operations, and has participated in several greenfield and brownfield mine construction and development/expansion projects in Quebec and South America. Mr. Lessard is currently Vice President Engineering and Construction with IAMGOLD Corporation. Mr. Lessard will be responsible for overseeing Osisko's Canadian Malartic feasibility study and subsequent construction and development of the project.

Vice President Sustainable Development: Mr. Jean-Sebastien David, M.Sc.

Jean-Sebastien David has been appointed as Vice President Sustainable Development with direct responsibilities for environmental aspects, health and safety, permitting and community relations. Mr. David has a B. Sc. in Geology and a Masters Degree in Project Management from the Universite du Quebec a Chicoutimi. Mr. David has held various positions in mining operations and in the environmental sector with large and medium size companies. He is currently General Manager - Sustainable Development with a large intermediate gold producer and will be joining Osisko in October.

Vice President Legal Affairs and Corporate Secretary: Mr. Andre Le Bel, LL.B.

Andre Le Bel is a graduate of Laval University (B.Sc. A., Consumer Studies) and holds a Bachelor of Laws (LL.B. Civil Law) from the Universite de Sherbrooke. He is a member of the Quebec Bar Association and has more than 10 years of experience in the administration of natural resource companies. Andre is currently Vice President Legal Affairs for an intermediate gold producer and will be joining Osisko in October.

Manager - Mining: Mr. Paul Johnson, P. Eng.

Mr. Paul Johnson holds a Bachelor of Science Mining Engineering degree from Laval University and is a member of L'Ordre des Ingenieurs du Quebec. Mr. Johnson has more than 25 years of progressive experience in large-scale open pit mining operations both in Quebec and internationally. Mr. Johnson will be responsible for the development of the mining plan, selection of open pit equipment, supervision of mining and equipment maintenance operations. He joins Osisko in late September.

Manager - Mineral Processing: Mr. Denis Cimon, P. Eng.

Denis Cimon brings to Osisko more than 20 years of professional experience in design and operating of large gold extractions plants. Mr. Cimon is a graduate of Laval University with a Bachelor of Science Mining Engineering degree (Mineral Processing) and a Masters of Science degree (Mineral Processing). He is a member of L'Ordre des Ingenieurs du Quebec. He will be directly responsible for overseeing the design of the mill, selection of processing equipment and mill and tailings operations. Mr. Cimon was recently involved in the design, start-up and successful operations of the Rosebel Mine in Suriname. He joins Osisko in mid-September.

Sean Roosen, President and CEO of Osisko stated: "We are extremely pleased to have this highly experienced group of Quebec-based mining professionals join Osisko. Their broad, in-depth experience with building and operating large open pit mines will help accelerate our feasibility study and our objective of subsequent project development for the Canadian Malartic Project. Osisko's expanding team has wide experience in Quebec and relationships with contractors, consultants, government authorities and mine operating personnel - all of which we believe will help ensure the ultimate success of the Project."

Osisko Exploration Ltd. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $90 million on hand and is carrying out an aggressive definition drilling and exploration drilling campaign on the Canadian Malartic deposit and surrounding property. An updated NI 43-101 complaint, inferred gold resource estimate on the main deposit was released on July 5, 2007 and the full report is available on SEDAR.

Contact Information

  • Osisko Exploration Ltd.
    John Burzynski
    Vice-President Corporate Development
    514-735-7131
    or
    Osisko Exploration Ltd.
    Daniel Boase
    Investor Relations
    416-742-5600
    Toll Free: 1-866-580-8891
    www.osisko.com